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The Economic Impact of Baby Boomers

The Economic Impact of Baby Boomers
During the period of 1946 through 1964, America experienced the largest growth rate ever. According to the U.S. Department of Commerce, Bureau of the Census, this currently equates to approximately 76 million people and 29% of the United States (U.S.) population, ranging from ages 39 through 57 years of age (Baby Boomer Headquarters [BBH], 2003). Some suggest that the increased birth rate during that period was due to women (whose husbands were returning from the war) choosing to bear children that were postponed during the Depression and World War II period, in addition to the booming post-war economy (Macunovich, 2000, p. 2). With this group being such a large portion of the U. S. population, baby boomers, in the past, currently, and will in the future have a profound impact on key macroeconomic areas such as resources, goods and services (consumption), and loanable funds.
Labor is the largest component of the resources market and baby boom...

Posted by: Kelly G Hess

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